DALLAS, March 13, 2025 (GLOBE NEWSWIRE) — DallasNews Corporation (Nasdaq: DALN) today announced that it has closed on the sale of its Plano, TX printing facility for total proceeds of $43,500,000. The Company originally announced the sale on December 16, 2024, consistent with its commitment to streamline printing operations into a smaller, leased facility in Carrollton, Texas.
DallasNews Corp. plans to use a portion of the proceeds from the sale to voluntarily fully fund the Company’s pension liabilities – eliminating what the Company views as debt.
Grant Moise, DallasNews Corp.’s Chief Executive Officer, stated, “We are very pleased with the financial outcome from the sale of our Plano facility. This is an important milestone in our Return to Growth Plan and the additional value of voluntarily fully-funding our pension plan brings certainty regarding retirement benefits for more than 1,300 current and former employees.”
Moving forward, Dallas, Texas-based Denago EV – a leading pioneer in the Low Speed Vehicles (LSVs) and cutting-edge golf cart technologies – will utilize the former Dallas Morning News facility in Plano as its Southern U.S. production and manufacturing base.
About DallasNews Corporation
DallasNews Corporation is the Dallas-based holding company of The Dallas Morning News and Medium Giant.
The Dallas Morning News, Texas’ leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes.
